Confessions of a deeply embarrassed American. Politics and Prejudices and other musings – Jack Lessenberry July 1 was Canada Day, the official celebration of Canada’s birth as a nation, and for the second time in three years, I went to Sault Ste. Marie, Ontario, to celebrate and watch the fireworks from my hotel on St. […]
It’s another example of how we are in this weird and uncanny political moment in which Trump’s politics have broken free of the constraints of public opinion. (It’s reminiscent of a mob bust-out where you rapidly strip a business of its value with no concern for the future because you’re just going to burn it […]
“Producer price declines are ‘less good’ than consumer price declines, and on net that’s ‘bad‘” – by New Deal democrat I pay a lot less attention to producer prices than to consumer prices. Partly that is because in the past few decades, the PPI has tended to be coincident with the CPI rather than leading […]
There is nothing I can add to this report by Dean Baker from 10 or so days ago. The economy under Trump is still a mystery. I am waiting for the shoe to drop and realty comes to rest on us. Five Takeaways from the June Jobs Report, Dean Baker – on Patreon The June […]
Robert is calling us to prepare for a fight with this administration. Obviously, he does not trust Republicans or Tr__p. I do not trust him either. Between Tr__p and Republicans, there has been much damage to the nation as a whole. It will come to pass in the near term future. ~~~~~~~ Trump is ramping […]
– by New Deal democrat Never look a gift horse in the mouth. June’s CPI was that kind of gift horse, reversing all of the factors that have recently surged during the Iran war. As a bonus, inflation in shelter (1/3rd of the weight of the index) continued to abate. Let’s start with the overall view. […]
Trump’s new policy drew attention to remarks Rubio made just weeks earlier, while on a visit June 23. A visit he paid to the United Arab Emirates. It was then he slammed the prospect of transit fees in the waterway in a caution to Iran. June 23, 2026: Marco Rubio’s warning ‘no country’ can charge […]
Hmmm . . . Before the US conflict with Iran, Iran and Oman did not charge fees for passing through the Strait of Hormuz. This, according to the New York Times. And now? “Iran and U.S.-allied Oman are moving forward with plans to collect payment for ships transiting the Strait of Hormuz, despite public American […]
Just a partial of an “Informed Comment‘” commentary by Tom Engelhardt. “A Declining President may take the Planet down with him,” Informed Comment (Tom Engelhardt Substack) – Iran, Iraq, Irate. Honestly, just in case you hadn’t noticed, what a truly strange world we now find ourselves in. I mean, from George Washington to Barack Obama, […]
My “Weekly Indicators” post is up. The high frequency data continues to confirm my Big Picture outlook that after a near-miss or possible “mini-recession” late last year, the economy is rebounding. In particular, the YoY improvements, already Booming, in consumer spending are accelerating even more. Some of this is probably the wealth effect from stock portfolios, […]